SC014462 HEARTLAND CHARGE FORMERLY ST FILLAN'S EPISCOPALCHURCH KILMACOLM REPORT OFTHETRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30" SEPTEMBER 2024 RTr.C:1STERF.D CFL4RITI" IBTr"R: scn14462 ST FII.I.,I%S CHI'RCH. KILI¥IACI)LM REP()RT OF TIITr" TRI"STTr'.Tr"S AND Iili,ii-i)i-rF.I) FIN..%NC'I..IL .¢*TklTTr' %IF'NT5 FI)R TIIE I'F.AR F.%DTr"D 30 STr.PTE%IBF.K 2024 HETr4DERSOli & COMPANY i J lIn￿)n Strert Cyreen￿l P.4 16 68G ST FILI.A.NS CHI'RC.H. KILMACUI.%I C()NTF.NTS I)F THE FTh ANCI..IL STATF..%IF.N'TS Tr-()Ii I-HL I'EtlR I. NI)EI) 30 5Tr'P'I'EIIB Tr-.H 2024 Pa%e Rtport of ihe Truslees 1102 IndLpendeni Ei4miner's Report .%txtemenl of Tr irtxncial Actii'ilies Halance Sheel Nolcs to the Tr'inanci*l S>iAleThcnts 6 ti) 9 Detaili.d liialemeni of Receipts P¥vmenls ST FILLANS C.'HLTRCII. KIL.IL4C()LM KTr"P()RT OF THE TRI'STE.F.S FOR THF. trT.AR Tr'JI)F.D 30 %E'P'I'Tr"IIIIF.R 2024 Th¢ -fru5tecs present iheir rep)rt with ihe financial statemcnts of the ¢harilN' for the year ended 30 Sepiem -1 '.4ccouniing and Reporfing b* Charilies 'rriislL'es h3I'e adoptcd ihc Lharities SORP IFRSIOI Re￿01￿￿)ended PrdLtILe appli¥ahle 10 LharitlC5 preparing their accounis in aLcordanc¢ w iih th¥ F'inanci Standard applicablu in ihe LIK and R¥publi¢ of Ireland IFRS I O:) IciTeLtii'e l Januar¥ 0191. 20?4. The temeni of l R¢porting RF.FERENCE .4)I) ADMINlSTIL4TI￿.F. DF.TAILS Rggisiered c.harl￿ N"umber SCO1446? Principal Address: Moss Road, Kilmdcolm. RenFre￿Shir¢ P.413 4DL Ai an EGNI on l O %epiember 1073. St NlaT) the N'irgin Port Gla5goM', St Ilar%. Bridgc of Weir an St Fillan s Kilniaioltn agreed to 1￿Come lh¢ new Charge of Ileartland as a sole incumbcnci" lTr*iih a Joini Vestry_ Pour members rroi?i eiich ¢harge w¢r¢ elecled ￿ trnstees to 5¢rie on the ne￿. Joini VestTr. Ihree churches arc Seeking approval from OSCR to atnalgdmaie und¢r Si Fillan s in 2024. In Jul%'. lh¢ I'cslr¥. began the inier%iew prwess for the preferred ¢andidal¢, Ih,. l-he p051 was offcrcd to the successful candidate for a pericxl of ihrce Nears and ihis i¥as accepied, lo ihe N'esir) and Coii£rcgations' unanimou5 approkal. On I, August ?074 ihe Re¥d Dr Lisa C.urtictr ii'i- -y-. 11-A Pr7e¢i in Charge. Si NIHr%' the I'irgin, Port c)IL%gO￿ lia5 packcd to overflom-ing for the SeTh"i£e led t) Iiid thcre was h buffei lunch ser¥ed in Lh¢ hall afterw'ards. Our new Pricst and hcr husband M'ill rL%idi in &1 I1aTh s R¢ilOry Trii8lvvs'. C hartered rlccnuntants 13 Ilnkon Stre¢( Greenock PA16 8BQi STRLcfLfRE. GOVEILN.41%CF. AND mA￿AGE.￿l￿￿T CJoverRinx Document: Th¢ L huiLh Is lldm inisiered in accordance wilh the ternis of the tked of Consritution adopted in 201 Rcrruitment and appointmeDt of I'rustce5 All of ihe Chur..h'J '[ IiisfiLS arl appi)Inied or rc-apwintcd by. Ihe members ai our Annual General e¢ting 'IhL TrustcLs hai c a duTh io identih. and rcs"iLW the risks 10 which the Charity is cxpos ACTII'ITIES Charitable Purpose ()ur purposL. as ricorded in our Conslituiion. is to gloriA. Gd and io work for ihe ad%'anc¢ment of thc local community. ,tCHITr"N'L%IENT AND PERFOIL41¥1CE l..ollD￿.ln¥ the UpILa￿al )"i'drs ol rhe Coi"id Pandemic. 14 ￿a5 possible to resume St Fillan'5 lonEStanding Comrnunil). Carul Ser¥ ILe in DLc¢mbei 02i. The I'¢sir% dgrLL'd iv hal'e a C.andlelighi Carol SeTr icc of si% less()ns and Larnlty 25 beiiig shL)rter in tiimi &$ Angel K'oices iyere tsking part and ihere i*ould be a number of voung l-amilies attending. Th¢ R¢Jd¢rs N¥Lre it¢d ti) reprLSLni local LhurLhcs or aciive in lh¢ LommuniN. Ils Christma% Da! w'as on a Nlondai.. il wab agreed iih 51 5 Boll. thai Si F illan s ii'ould hold their serb.ice on Sunda!.. Q hrisimas F.i'e and Si Mary's wnuld hai'c the J()in¢ Chrisimas D21 Sen'ice w'hich conduited by Re￿.d Malcolyn Qrwk OGS. It M'&$ agrccd thai holding d Midnighi Klass SeTh'ice wa£ not wssible. Locum Cler%)-. hd% been scTh"¢d bi three locum cleT:' e acknow ledged uur grdtilud¢ 10 thLm *- n(1 La>'.l¢d services were conducted during the Meek-da)s and monihl> on Sunday¥ h P Lhuiih. I'hL L hoir"l eam wi)uld like to ackno￿.Iedgc our thanks to the V¢stsTr for ihe use of the hall and loi the support of church niemDeTS. FIIYAIYC IAI. KTr'I'I&"II' T'rusiees Remuneration and Expenses All TNstecs contribuie ￿ a i'olurhlary" unpaid basis. Reser+es A5 d result of ihe surplus of £1:..61 O lor the )'ear. the Church held Un￿striC1ed funds of £184.974 and resiricted l-unds of £? ?07 ai the >'ear end. Approvcd b). order %)f the board of trusiees l December ?024 and sioned on its behaifbv.. The Heartland Charge comprises the churches ot St Mary the Viwn. Port Glasgow. St Fillan's Church. Kilmacolm and St Marythevirgin. Bridge ofweir in ihe Scottish Episcopal Church in the Diocese of Glasgowand Galloway. The single incumbencywas approved bythe Diocesan Synod of Glasgow an(J Galloway in March 2024 and the name change ofthe charity from St Fillan's to Heartland. pending the winding up ol the separate charities of Sl Mary the Virgin, Pod Glasgow and St Mary the Virgin Bridge of Weir Yras approveo by OSCR in November 2024. The purposes of the Heartland Charge are to advance religion and provide public benefit by glorifying God through ¥M)rship and service and by contributing to the advancement ot the loc community. The Charge offers publicworship accoroingtothe rites of the Scottish Episcopal Church. Co-operates with othef church leaders in the local community to witness to the Christian faith. and supports the local community. includine leasing out meeting rooms. organising clubs to meet local needs. and oiganising occasional events. such as musical or flower festivals to enhance the ¥￿IlbeIng ol the local community. The worship and community actNIty offered in the Heartland Charge is open to all in the community who wish to take pan and is inclust¥e of age. abilrty, gender and sexuality. Holy Communion is available to all baptised Christians. ST rii.1..4NS CHIIRC.'H. Kll,MplCQLM TNDF.PE.NDTr".NT EKANllTr4ER'S RTr'.PORT F()R'fiiF. I'EAR F:Nl)b'.l) Jo %Tr:p'rTr'.NIBTr-.R 2024 I report on the acLounts of Llie Lharity for the )'ear ended 30 Seplcmber 7014. sei oui on pag¢s 4 to I l. RLbspectlVL. Respvnbibilities (If Trustees & Examiner 'rii¢ chari() s ¢nJ%lCL.s are rcspi)nsible lor th¢ preparation of Ihe aLci)unls iii aici)rdanLe with th¢ l¢ms o tqthc L'harities nd Trubtee In￿£￿tIller11 (Sciltlandl Aci 2(J05 and ihe Charities .4ccounts (Scotland) RegulaliL)n5 ?0061&5 Pmended). -I'he ch41Tits' s trusiecs consider thai the audit requiremLnl of Rekiulaiii)n l O( I l(a) til lil Lif thL Ac¢nunts Rc not dppIN,. li is mv rcsponsibilirn, tLI examine the accounts as requiTed undcr 5¢Llion 44(1)Ic) of the A .heiher partiiuldr mallLrs hal'e come to mi, atl¢nlioii. ulaiions does l and 10 SI￿71C Ela$i$ Of Independent Examiner'y RÉ'port 1) exaininalinn is LartiLd out iii accordance w'ith Regulation I l of the Charities Account¥ (Scoilandl Re ulations 21106. ,In examindtion iii¢lude% d revie￿, of th¢ aLLuuniiiig records kept b J. thL chariry dnd a compari50n qf the a¢¢L)unis prescnlcd wilh ihose records. It also includes coiistderaiion ol. anv unu5udl itcms and disclosures in Ihk accounts and SLeks explanations Irom the irustccs conLemino an) such matt¢rs. The procedures undLrfaken do not brovide all the ei'idcnce that would bc. r¢4uirtrd in c2n audit and consequrnily I do nol cxpress an audit opii)ion on Ihe i'idw given by the accounts. IndepeDdtTht Examiner's Statement In th¢ course ol. examir￿LI0n, no tnatter has come io n)y attention." hich gil'es reasonable cause io believ£ that in any material respecl th¢ followiiig requirement to keep ac¢ounting records in accordanL¢ M'ith Section 4411 I la) of the 2005 Act and thc •IIU6 Accouniing Rcgu12tions and 10 PTLpare dLLUllllts ￿'hich accord with th¢ aiLuunting T¢cords and compl%. with Re ?006 ALcounts Regulaiions have nut been ITiet. nr Regulation 4 of ulation 9 of the to whiih. in m). opinion, 41tiention should be drawn in order io enablc a proper understanding he regihed f th¢ a¢counts to L han¢red ALLounlant5 73 Llnion Sireet JrL¢n()Lk P,116 8BG 5 December 2024 .5T TrILLA￿s CIILRCII, KILMACOI.MI SI-ATTr'.MTr'NI' C)F F-I.N,INCI.4L .,IC'IIN'II-IF'.S F()R TIITr- I'E,IR ENI)ED 30 SF'I)'fE.MIITr-R 2024 Note L nre$trictcd Fund5 Restricted nds Tolal 2024 Toiul 2023 In¢()￿e dnd Endow'ments From Di)nations and LLgaci¢% Invesimeni Inco1￿C Otlicr Income 25,790 7.491 25.7911 7,660 21,512 23.)56 169 16.814 Total Incoming Il¢.%ources 54.793 169 54,962 E%pL'nditure Oll Oihcr Nel Gains on InvcstmLnts 42.352 32,104 42.352 42.352 32,194 NLt IDcome/lF.xi)enditure) RL'conciliatlOIlS (bf F unds -] otal Fund5 broubihi forward 12,441 169 12.610 15.353 172,533 2.03 8 174,571 159.218 Toi*l Tr unds carried forward 184.974 2,207 187.181 ST FILL.4)S CHI"RCII. KILIL4C'()I.M B.4L.4.NCE SHLTr"T .4S.4T 30 SEwfE.%IBF.R 2023 L nreslricied FuDds Restrieled F￿lld$ 'l-otal 2024 l Tolal 2023 Filed A55ets 136.017 ,)9? 13 7.409 J31 409 c-.ur￿nt .4sSets PrLpai'iiJiiii% and Accrucd Incume C￿h at Bank and in Hand 54.99? 815 55.807 43,43? i4.992 815 55,IS07 43.43? Creditors Amounis falling due w'ithin one ￿tar (6.035) (6.()3 5} 16.270) et CurTeDI ..Isyets 48.957 815 49.77? Ti)lal A&stts J.e55 c.urrent Liabilities 184.974 2.207 187.181 Net .4.85eLs 184.974 2.207 187.181 J74.j?I Fund L'nrLsirict¢d Funds R¢siriciL.d Funds 184.974 2,?07 1-,2.i35 2,038 Tolal Funds The financial 5tat¢ments wcrc approi'ed b%. the Board of Trnsttts on 18th No*em￿r and signe on iheir b¢half ST FII.I.A%S CIILRCH. KII.,M.4COI.M 41)-fF'.S TO TEIE .-ICC()I'NI-S FOR TIITr- I'k",KR F.%DED 31J 5F.P'I'L%IBF.R 2024 ,ICCOL)TI)I- POI.ICITr"S Basis of Preparing the Financial Slaierntnts ThL financial %tJtciiients i)f the charit%. w'hich is a public ￿ner11 eniirN under FR% I O? haKe been prcpared in aLcordancc i¥iih ihe Lharilies SORP IFRSIOJ) -Accounting and R¢ponino bv Chariti¢s.' Statcmeni of Recommcnd¢d Praciic¢ applicablc to Lharitics preparing their accouJJls in accordance M"iih the l.inancial Reporting Siandard applicable in th¢ UK and R¢public of Ircland {FRS I O?) {effcctis"¢ l JanuaTh ?0191' F"inancial Reporting S(andard 10? .The Financial Reporting Siandard applicable in the LK and Kepvblic of Ireland- and thc Charities and Trubtee Ini'esitncnl (Scoiland) -4LI 7005 The financial siatemcnts hake b¢¢n prepar¢d under the historical cost contreniion. Dcome All in¢i)me is recognised in thc Stsiement of Financial Acli%"iiies once the charbtN has enlitl¢ment (o the funds, it is probable ihat thc income will be receiTred and the amount can be Tn¢asured rcliably. F.xpenditure Liabilities arc recognised as expenditurc a5 s￿n as there is a legal or ionstruciiN'e obligaiion committiiig the chariTh' to that expenditurc. il is probabl¢ thai a transfer of economic benefits will be rcquired In settlement and the amount of Ihe obligation can be m¢asured reliablfv. Expendiliire is accounted for on an accruals basis and has bcen classified under headings that aggregate all tost related to the category. W'here costs cannot b¢ directly aiiributed to particular headings theN ha￿"e been all(￿aled ￿ aciiiiiies on a basis consisieni with the usc of resouTCCS. Taxation ThL iharitj. Is exempt from tax on its charitable a¢iiviiies. Fund .4£counting nrLsiri¥lcd lunds can bc used in accord8nce ￿1th th¢ charithbl¢ objectives al the discrelion of the trusiees. Restricted funds can onlN be used for particular r¢slricied purposes ￿1th1￿ ihe objecl.s of the charitv. Resirictions arise when spccifL¢d the donor or when funds are rdis¢d for particular restrict¢d purposes. Further explanation of thc naiure and purpose of each fund is included in ihe noies to the financial slat¢ments. Hire Purchase and l.easing Comtnitments R¢nlals paid undcr opet21ing leas¢5 are charged to the StatCTT]¢ni of Financial Aclivili¢s on a straigh(-line basis ovcr the period of thc lease. Pension Costs and Other Post-Rttirement Benefits 'I'he chariN 0￿rat¥S a definid COT]tribuiion p¢nsion scheme. Conlributions pajable to the chariry. s pension SLheme are charged to the Statem¥nt of Financial Aci1% ities in the ￿rI(￿l io which iheN relate. LF4I"ESTMENT ￿CoME 2024 2023 Poor of the Parish Inlestsneni Incomc Bank Int¢r¢sl 169 7.489 Jio 0.929 7.660 TSTEES. RF.MLINERATION AIYD BENF.FITS I'rustees, Expenses l-here were no Irustecs ¢xpenses paid for the year ended 30 Scptember 20?4 nor for the y¢dr ended Sepiembcr COMPAILATIVF.S FOR TIIF. STATEMEf*T OF FINAJCIAI. ACTIVITITr:S I,'nrestricted unds Restricted Funds Total unds Inc()me and F.ndowmen15 from Doiiationb and Lcga£ies 23,556 23.556 Othcr I'rading Activilies Inicstm¢nt Income Oilier Income 6,931 16,814 156 7,087 16.814 'I'otal 47,301 li6 47,457 Expenditure on ()ther Nei Gains on Inveslments 32,104 32,104 32.104 32,104 Net Income/(Expenditure} Rtconciliatinn of Funds T(Ilal Funds Brought Forw3rd 15,197 157,336 156 15,3)3 159,?18 Total FuDds Carried Forward 172.533 2,038 174.571 FIXF.D ASSET INVESTMENTS 2024 2023 Other 137,409 137,409 There were no invcsttn¢nt assets outsid¢ Ihe UK Investment5 (ncither lisied nor unlisied) were as follows.. 2024 2023 SEC Unit Trust Pool - Poor of ihe Parish SEC Unit '[ rust Pool Held Against Specific Bequest SEC Unli Trust Pool - General 1,39? 1.140 134.877 J.3}(2 l.J40 134.8,, 137,409 137,409 The TnaTkei valu¢ 8130 Sepiember 2024 of the SEC Unit Trust Units {Unrestricied) (8,529 u The market valuc of 79 Unresiricted SEC Unit Trusi Uniis was £2,41 O. The market value of Unit I rust Units was £5.918. its) was £260,183. 94 Restricted SEC C.4SH AT BAf4K A.YD IN FIAND (Jeneral Fund oor of thL' Parish To1￿1 2024 2023 Group Float Royal Bank of Scotland Alc l (1047? Ro)'al Ilank of Scotland Alc 100464 Barclavs Premittm l O dai. AcLuunt Angel Voic¢s C'hoir Fund 3,8?5 3.8?5 3,825 iO,132 815 50.947 38.102 2J5 1,270 1,035 1,035 Total 54.992 815 55,807 CRF.DIT()RS.. AI¥I()UNTS bALLIP4G DL,E WITHI.N' ONE YF.AIi 2024 2023 Angel Voiccs Choir Loan Accruals 1,035 5,000 5. 000 6,03 5 6,2-,0 MOVEMF.NT IN FLINDS Net Movement in Funds At 1.10.23 At 30.9.24 Unrestricted Fund5 General Fund 172.533 12.441 184,974 Restricted Funds Poor of ihc Parish 2,038 169 2.207 Total Funds 174,571 12,610 187,181 Net Movem¢nt in funds, includcd in the above are as follows- Incoming Resources Resources Expended GaiDS and mo￿.eMent Losses in Funds Unrestricted Funds General Fund 54,793 42,352 12.441 Restricted Funds Po()r of the Parish 169 169 Total Tr"llnds 54,962 42,352 12,610 Comparatives for moi'ement in funds At 1.10.22 Movement in Funds 30.9.23 Unreslricted Funds Gencral Fund 157,336 15,197 172,533 Restricted Fund5 Poor of the Parish 1,882 156 2,038 Total Funds 159.218 15.353 174.571 MON'ETrITr-.NT FITYD5- continued Comparati￿¢ nei mos'clnent in funds, included in ihe above are as follo￿S-. Incoming Resources Resources '.xpcnded Gains and fvlol'ement ,()SSLS in Tr unds Ilnrestricl¢.d fr unds Lieiieral l.und 47,301 32.104 15,197 Restricled Tr unds Poor ol lh¢ Pdrisli 156 156 'I'olal Funds 47.457 15.353 KEI.ATTr".D PARTY I)I%CLC)StiKF. I"hLfL ￿'lr( relaiLd partN irJnsac¢ions for the >'¢ar ended 30 September 2024. ST FI1.1...I￿4 CHL'R(."H. IKII.NIAC.QLII DL-I'..¥II.F.D ST.ITE_IIENT ()Tr FINANC_1.41...ICTIN'II-IE. FOR I"Ilk I'L..KR JO SEPTE.IIBLR 2024 30.9.24 JO.9.23 INCOINKTr. tK.ND END()11.M>'NT UrdiiidrN ( i)1 ILLlii)ns F'riL%*iII ()tlering F reewill Offering CiilTr Aid (iih ilid Sidnding OTdLr IniomL Ta.K KLI(i&L'r¢d on Gifi Aid %ingle l)8)mLnt (yifi .4id F"undraising SpLLial CollLciions 461 ? 901 1,554 12.24U .966 1.315 6,?30 130 312 J3U 900 ?3.7YO 18, 550 ()ihrr Tradin2 Altii ittr 13LquL%I .000 5.000 InTri'*tiiicnt Inconie Pi?i)r ol- IhL Parish Inh'e*tmcn( InLum jdnk Intcr¢s1 169 150 0,929 7.660 Oihcr Inl'S kl,Nl) l)A YIIENI'S FOR TFIE YTr'.AR EISDF.D 30 %F"P'I'E.MBLR 2024 30.9.24 JO.9.23 Other Clerg! Other Expen5¢5 Insurance clerg￿ Council Tax Clergv Mileage clerg￿ Telephonc Cjeneral Expenses Upkeep of Church and Hall Upkeep of Recto Altar F.xpenses DioLesan Quota CharirN. Donaiions Printing, St£ltioner)'. Books and Postage Flvgiene 2,402 1.888 4,182 14,494 14.-00 1, 089 193 2I8l 5161 1.890 1,418 1,920 4.8)4 2,190 36.710 29,619 Total Resources Expended 42,352 32,J04 Net Incomel(Tr'xpenditure) Before Gain5 and Losses 12.610 15,353 Redlised Recognised Gain5 and Lus%ey Rcalised gdinsl(losses) on Prograrnme Related Investm¢nts Net Incomel(expenditure) 12,610 15.353 This page does not form part of th¢ siarutory financial statemcnts Trustees